Serbia's c-bank governor deems Bitcoin speculative

BELGRADE (Serbia), December 6 (SeeNews) - Serbia's central bank governor Jorgovanka Tabakovic said on Wednesday Bitcoin is a speculative currency as it is not a measure of the value of any goods.

"Bitcoin is neither a generally accepted means of exchange, nor a unit measuring the value of goods and services, nor a keeper of that value," Tabakovic said on the sidelines of an e-commerce conference held in Belgrade, according to a video file posted on the website of Serbian news agency Tanjug.

"Bitcoin is a speculative currency which has made some people rich."

The daily number of transactions carried out in Bitcoin in Serbia is equal to one-third to one-fifth of the number of transactions in the payment system of Serbia, Tabakovic said.

The value of Bitcoin has soared by more than 1,000% since the beginning of 2017. Its value stood at $12,858 by 13:39 CET on Wednesday.